Fiberweb India gains after bagging export order

Fiberweb India rose 3.9% to Rs 145.25 at 13:15 IST on BSE after the company bagged one more export order of Rs 21.7 crore from USA.

The announcement was made during market hours today, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 257.14 points or 0.94% at 27,531.29.

More than usual volumes were witnessed on the counter. On BSE, so far 63,129 shares were traded in the counter as against average daily volume of 52,441 shares in the past one quarter. The stock hit a high of Rs 154 and a low of Rs 140 so far during the day. The stock had hit a record high of Rs 159.90 on 27 October 2016. The stock had hit a 52-week low of Rs 14.50 on 6 November 2015. The stock outperformed the market over the past one month till 4 November 2016, gaining 20.57% compared with the Sensex's 3.74% fall. The scrip also outperformed the market in past one quarter jumping 7.03% as against the Sensex's 1.59% decline.

The small-cap company has equity capital of Rs 12.60 crore. Face value per share is Rs 10.

Fiberweb India received further export order worth Rs 21.7 crore ($3.24 million) from USA, for agricultural, hygiene and laminated products. The total order book of export orders has reached to Rs 100 crore, Fiberweb India said.

Fiberweb India's net profit jumped 4583.3% to Rs 2.81 crore on 42.4% rise in net sales to Rs 22.06 crore in Q2 September 2016 over Q2 September 2015.

Fiberweb India manufactures high quality spun bond polypropylene non woven roll goods and products which can be used across different sectors,

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